IP intelligence company PatSnap lands US$300mn Series E, becomes unicorn; Lead investors are SoftBank Vision Fund 2 and Tencent Investment; Founder and CEO Jeffrey Tiong said in an interview he wants to expand into Japan, where spending on research and development lags only the US and China. More...
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Ecosystem Roundup: Grab weighs US IPO through SPAC merger; After Grab, gojek invests in LinkAja; Ryde plans for SGX IPO

More drivers, wider range of services on the horizon for gojek users in Singapore, says co-CEO; The firm is prioritising areas such as helping small merchants move online as well as enhancing its payments and financial services offerings; Investing in and growing its markets outside Indonesia is a...
Ecosystem Roundup: Grab weighs US IPO through SPAC merger; After Grab, gojek invests in LinkAja; Ryde plans for SGX IPO

More drivers, wider range of services on the horizon for gojek users in Singapore, says co-CEO; The firm is prioritising areas such as helping small merchants move online as well as enhancing its payments and financial services offerings; Investing in and growing its markets outside Indonesia is a...
Ecosystem Roundup: Grab weighs US IPO through SPAC merger; After Grab, gojek invests in LinkAja; Ryde plans for SGX IPO

More drivers, wider range of services on the horizon for gojek users in Singapore, says co-CEO; The firm is prioritising areas such as helping small merchants move online as well as enhancing its payments and financial services offerings; Investing in and growing its markets outside Indonesia is a...
Ecosystem Roundup: Grab weighs US IPO through SPAC merger; After Grab, gojek invests in LinkAja; Ryde plans for SGX IPO

More drivers, wider range of services on the horizon for gojek users in Singapore, says co-CEO; The firm is prioritising areas such as helping small merchants move online as well as enhancing its payments and financial services offerings; Investing in and growing its markets outside Indonesia is a...
Ecosystem Roundup: Grab weighs US IPO through SPAC merger; After Grab, gojek invests in LinkAja; Ryde plans for SGX IPO

More drivers, wider range of services on the horizon for gojek users in Singapore, says co-CEO; The firm is prioritising areas such as helping small merchants move online as well as enhancing its payments and financial services offerings; Investing in and growing its markets outside Indonesia is a...
Snyk, a UK-based cybersecurity company, has announced it has raised US$300 million in a Series E funding round from a slew of investors, including Temasek, at a post-money valuation of US$4.7 billion. The Accel- and Tiger Global-led round also saw participation from existing investors Addition,...
Snyk, a UK-based cybersecurity company, has announced it has raised US$300 million in a Series E funding round from a slew of investors, including Temasek, at a post-money valuation of US$4.7 billion. The Accel- and Tiger Global-led round also saw participation from existing investors Addition,...
Snyk, a UK-based cybersecurity company, has announced it has raised US$300 million in a Series E funding round from a slew of investors, including Temasek, at a post-money valuation of US$4.7 billion. The Accel- and Tiger Global-led round also saw participation from existing investors Addition,...
Snyk, a UK-based cybersecurity company, has announced it has raised US$300 million in a Series E funding round from a slew of investors, including Temasek, at a post-money valuation of US$4.7 billion. The Accel- and Tiger Global-led round also saw participation from existing investors Addition,...
Snyk, a UK-based cybersecurity company, has announced it has raised US$300 million in a Series E funding round from a slew of investors, including Temasek, at a post-money valuation of US$4.7 billion. The Accel- and Tiger Global-led round also saw participation from existing investors Addition,...
‘Global demand for plant-based meat products will be driven mostly by flexitarians: Next Gen COO Andre Menezes

With the COVID-19 crisis yet to be tackled, VCs are exercising cautious optimism which in turn has slowed down startup funding. Only exceptional startups operating in a handful of sectors, not affected by the crisis, have been able to raise capital. This is where Singapore-based Next Gen’s...
Ecosystem Roundup: Singapore gets new maritime startup fund, ZASH buys Lomotif, why Indonesia’s fintech scene is thriving

Singapore-based digital banking network Tyme raises US$110mn Series B; Backers are Apis Partners, Gokongwei family-led JG Summit Holdings; JG Summit and Tyme will apply for a digital bank license in Philippines; As per UnaFinancial, Philippines is one of the markets in Asia with huge potential for...
Next Gen, a 4-month-old plant-based meat startup, raises US$10M in one of the largest seed rounds

Next Gen, a Singapore-headquartered plant-based foodtech startup, announced today it has closed a US$10 million seed round from a clutch of investors, including Temasek and K3 Ventures. The New Ventures arm of the Singapore Economic Development Board, NX Food, FEBE Ventures, and Blue Horizon also...
Zhou Yuxiang doesn’t have the typical profile for working in China’s manufacturing world. A soft-spoken yet incisive person in his early thirties, Zhou graduated from Dartmouth College with a degree in government and went on to work in investment banking in Hong Kong, following the path of many...
Zhou Yuxiang doesn’t have the typical profile for working in China’s manufacturing world. A soft-spoken yet incisive person in his early thirties, Zhou graduated from Dartmouth College with a degree in government and went on to work in investment banking in Hong Kong, following the path of many...
Zhou Yuxiang doesn’t have the typical profile for working in China’s manufacturing world. A soft-spoken yet incisive person in his early thirties, Zhou graduated from Dartmouth College with a degree in government and went on to work in investment banking in Hong Kong, following the path of many...
Zhou Yuxiang doesn’t have the typical profile for working in China’s manufacturing world. A soft-spoken yet incisive person in his early thirties, Zhou graduated from Dartmouth College with a degree in government and went on to work in investment banking in Hong Kong, following the path of many...
Zhou Yuxiang doesn’t have the typical profile for working in China’s manufacturing world. A soft-spoken yet incisive person in his early thirties, Zhou graduated from Dartmouth College with a degree in government and went on to work in investment banking in Hong Kong, following the path of many...
Ecosystem Roundup: Ula raises US$20M; Microsoft VC arm invests in LottieFiles; SPACs are the construct VCs need to fund cleantech

Ula co-founder and CEO Nipun Mehra Indonesia’s micro-retail e-commerce platform Ula closes US$20M Series A; Lead investors are Quona Capital and B Capital Group; Since launching in Jan 2020, Ula claims to have grown to serve over 20K stores; Ula had raised US$10.5M seed in June 2020. More...
Left to right: Pradyumna Agrawal, Managing Director, Blockchain@Temasek; Lee Beng Hong, Senior Managing Director, Head of Fixed Income, Currencies and Commodities (FICC), SGX Singapore Exchange (SGX) and Temasek today announced the formation of a joint venture (JV) that is set to become Asia...
Left to right: Pradyumna Agrawal, Managing Director, Blockchain@Temasek; Lee Beng Hong, Senior Managing Director, Head of Fixed Income, Currencies and Commodities (FICC), SGX Singapore Exchange (SGX) and Temasek today announced the formation of a joint venture (JV) that is set to become Asia...
gojek buys 22% stake in Bank Jago to expand its payments services footprint in Indonesia; The deal, however, doesn’t alter the control of Jago, as Metamorfosis Ekosistem Indonesia and Wealth Track Technology (WTT) still hold a combined 51% in the tech giant; In 2019, the bank made headlines when...
Info Edge Ventures, an early-stage venture capital fund backed by India online classifieds company Info Edge, has raised US$50 million from Singapore sovereign wealth fund Temasek Holdings. This brings the total corpus of Info Edge Ventures to US$100 million, according to a press release. Also...
Singapore-based private equity firm Ascent Capital has closed its inaugural Myanmar-focused fund at US$88 million, as per multiple reports. In January this year, the Ascent Myanmar Growth Fund I had raised US$80 million. AMGF I, which originally targeted to raise between US$50 million and US$100...
Southeast Asia’s tech investment landscape continues to flourish with an increase of 17 per cent in the number of deals between H1 of 2019 and 2020, as says the ‘e-Conomy SEA Report’, jointly conducted by Google, Temasek and Bain & Company.The total deal value declined slightly from...
Temasek, others invest US$30M into Bits x Bites China food-tech fund The story: China’s VC firm Bits x Bites has raised US$30 million in the first close of its US$70 million foodtech fund, according to Greenqueen. Investors: Temasek, Monde Nissin CEO Henry Soesanto, and other unnamed...
Apeel gets more cash to fight food insecurity in emerging markets with its food-preserving tech

In the first real test of the potentially transformative power of its food-preserving technology, the Santa Barbara, Calif.-based Apeel Sciences is bringing its innovative food treatment and supply chain management services to distribution centers in select markets in Asia, Africa and Latin...
Ecosystem Roundup: Vietnam’s e-commerce forecast to grow 20% in Q4; Traveloka looks to break even in 2021

Vietnam’s e-commerce forecast to grow 20% in Q4 to reach US$12B by year-end; E-commerce revenue in H1 declined 6% y-o-y despite the number of transactions increasing by 25%; The market size is expected to reach $35 billion by 2025, ranking third in SEA. Vietnam News Singapore’s Temasek, ABC...
In brief: TurtleTree Labs wins Entrepreneurship World cup 2020; IoT Tribe accelerator announces new cohort

Temasek, ABC World Asia join v2food’s US$55M Series B The story: Temasek and ABC World Asia, an Asia-focused PE fund dedicated to impact investing, have participated in the Series B funding round for Australian plant-based meat startup v2food. Other investors participating in this round include...